Kaiser Aluminum Co. (NASDAQ:KALU) Stock Holdings Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,984 shares of the industrial products company’s stock after selling 4,024 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kaiser Aluminum were worth $2,755,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Kaiser Aluminum by 911.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,971 shares of the industrial products company’s stock valued at $1,316,000 after purchasing an additional 13,491 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Kaiser Aluminum by 17.5% in the second quarter. Assenagon Asset Management S.A. now owns 93,258 shares of the industrial products company’s stock worth $8,197,000 after buying an additional 13,900 shares during the period. Summit Global Investments increased its position in shares of Kaiser Aluminum by 87.7% in the second quarter. Summit Global Investments now owns 12,854 shares of the industrial products company’s stock worth $1,130,000 after acquiring an additional 6,005 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Kaiser Aluminum by 0.3% during the second quarter. Tributary Capital Management LLC now owns 271,976 shares of the industrial products company’s stock valued at $23,907,000 after acquiring an additional 856 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Kaiser Aluminum by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 206,505 shares of the industrial products company’s stock valued at $18,152,000 after acquiring an additional 3,039 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Down 1.5 %

NASDAQ KALU opened at $76.26 on Friday. The firm’s 50 day moving average price is $77.70 and its two-hundred day moving average price is $79.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. Kaiser Aluminum Co. has a twelve month low of $59.52 and a twelve month high of $102.42. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 26.39 and a beta of 1.33.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). The business had revenue of $748.00 million for the quarter, compared to analysts’ expectations of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities analysts anticipate that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is 106.57%.

Kaiser Aluminum Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.